Published: 2025-07-09T13:43:09.000Z
Chart AUD/USD Update: Consolidating - studies under pressure
Senior Technical Strategist
2
Little change, as prices extend cautious trade beneath 0.6550
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6723 | 21 Oct (w) high | S1 | 0.6500 | * | congestion | ||
| R3 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S2 | 0.6450 | congestion | ||
| R2 | 0.6688 | ** | 7 Nov (m) high | S3 | 0.6400 | * | break level | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
14:35 BST - Little change, as prices extend cautious trade beneath 0.6550. Intraday studies are rising, suggesting potential for a test above here. But negative daily readings should limit scope in renewed selling interest beneath congestion resistance at 0.6600. In the coming sessions, a drift lower to congestion support is highlighted. But a tick higher in rising weekly readings suggests any break could give way to fresh buying interest towards further congestion around 0.6450.